S&P assigns 'A' to Overlake Hospital Medical Center

S&P Global Ratings assigned its "A" rating to Bellevue, Wash.-based Overlake Hospital Medical Center's proposed $94.2 million series 2017A and $84.7 million series 2017B revenue bonds.

The assignment is a result of several factors, including its strong market position, affiliation with Oakland, Calif.-based Kaiser Permanente, healthy balance sheet and growing outpatient presence. S&P also acknowledged the OHMC's sizable capital plans and highly competitive market.

The outlook is stable. 

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